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Ohio sues three ratings agencies
The top three US credit ratings agencies are accused of ‘wreaking havoc’ with US financial markets by providing inflated ratings and costing state funds hundreds of millions of dollars
Carlyle joins Gas Natural asset race
Carlyle is likely to bid through its joint venture with Riverstone Holdings for assets put up for sale by the Spanish gas company
Closing credits roll for Oprah
A tearful Oprah Winfrey said she had decided ‘after much prayer and months of careful thought’ that the Oprah Winfrey Show would finish in 2011
DR Horton narrows loss as orders surge
DR Horton, the second biggest homebuilder in the US, sees its losses narrow in the latest quarter as house orders surged, but says market conditions remain challenging
J&J stays true to its diversified model
Johnson & Johnson defends its strategy, with its three broad divisions of medical devices, consumer health and pharmaceuticals, even as the approach fails to shield it from industry pains
Oracle wins more time for Sun merger
The European Commission extends the deadline for approval of Oracle’s proposed $7.4bn merger with rival Sun Microsystems
Stake valuations hit Comcast deal for NBC
General Electric and Vivendi are at least $1bn apart in their valuation of the French group’s stake in NBC Universal, damping hopes of a quick resolution to a stand-off that is holding up Comcast’s planned bid for a majority stake in the US broadcast, cable and film group
Block on Minsheng deal costs US $1.7bn
US authorities blocked Minsheng, the Chinese bank, from acquiring a Californian lender in a deal that could have saved almost $300m of taxpayers’ money and $1.4bn from an industry insurance fund, say people familiar with the matter.
Dell sees rebound in PC sales to business
Third-quarter profits sank 54% on a continued decline in sales, but the second largest personal computer maker said business customers had finally begun to increase spending
GE’s bid for Areva arm poses questions
The sale of Areva’s power transmission and distribution subsidiary sparks speculation about whether France really is ready to choose a foreign bid over a home-grown solution




